Titmus Foundation Incorporated
- Assets
- $7.5m
- Revenue
- $1.2m
- Investments
- $6.3m
- Employees
- 0
- Location
- Sutherland, VA
- Founding
- 04/1947
- Data as of
- 01/2022
- EIN
- 54-6051332
Organization Overview
Titmus Foundation Incorporated is located in Sutherland, VA. The organization was established in 1947. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Titmus Foundation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2022, Titmus Foundation Incorporated generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.5m during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Titmus Foundation Incorporated has awarded 596 individual grants totaling $5,387,723. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward H Titmus III Executive V.P. | 30 | $48,850 | |
Kimberly T Przybyl Secretary | 30 | $48,850 | |
William D Allen III Director | 1 | $550 | |
William A Young Jr Treasurer | 1 | $550 | |
Andrew J White Director | 1 | $550 | |
James A Baber IV Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40,604 |
| Dividends & Interest | $809,699 |
| Net Rental Income | $34,700 |
| Net Gain on Sale of Assets | $276,737 |
| Capital Gain Net Income | $276,737 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,343 |
| Total Revenue | $1,172,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $180,700 |
| Other employee salaries and wages | $60,245 |
| Pension plans, employee benefits | $0 |
| Interest | $120 |
| Taxes | $35,468 |
| Depreciation | $2,181 |
| Occupancy | $21,269 |
| Travel, conferences, and meetings | $306 |
| Printing and publications | $0 |
| Other expenses | $49,651 |
| Total operating and administrative expenses | $358,060 |
| Contributions, gifts, grants paid | $1,122,495 |
| Total expenses and disbursements | $1,480,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,778 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $509,646 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $596,549 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $37,817 |
| Other assets | -$13,268 |
| Total assets | $7,501,334 |
| Accounts payable and accrued expenses | $608 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $608 |
Grants Awarded
Over the last fiscal year, Titmus Foundation Incorporated has awarded $1,122,495 in support to 99 organizations.
| Grant Recipient | Amount |
|---|---|
NC AGRICULTURAL FOUNDATION INC PURPOSE: DONATION TOWARD FINAL PAYMENT ON PLEDGE FOR THE CREAMERY | $100,000 |
YMCA OF GREATER RICHMOND PURPOSE: DONATION FOR 1ST PAYMENT ON PLEDGE FOR CHAPLAINCY | $54,000 |
Buies Creek, NC PURPOSE: DONATION FOR 2ND PAYMENT TOWARDS $200,000 CHALLENGE GRANT | $50,000 |
Buies Creek, NC PURPOSE: DONATION FOR 1ST PAYMENT TOWARDS $200,000 CHALLENGE GRANT | $50,000 |
PARDEE HOSPITAL FOUNDATION PURPOSE: DONATION TO 3-D MOBILE MAMMOGRAPHY PROGRAM | $50,000 |
VCU-MASSEY CANCER CENTER PURPOSE: DONATION TO E. HUTSON TITMUS MEM FUND - ONCOLOGY | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |